Gold prices ended the U.S. day session moderately lower Wednesday on another corrective pullback from early-week gains. The latest Federal Open Market Committee (FOMC) minutes from last month’s meeting showed that FOMC members were divided on the timing of a U.S. interest rate hike. Markets initially brushed off the minutes as containing nothing new. However, upon reflection gold market traders deemed the minutes as a bit bearish and gold further weakened by a few dollars. June Comex gold was last down $12.40 at $1,198.10 an ounce. May Comex silver was last down $0.465 at $16.375 an ounce.
